Business Enhanced with SAP Embedded Analytics
SAP Embedded Analytics is one of the major additions to the innovative offerings of SAP S/4HANA. As businesses worldwide look forward to the transition to SAP S/4HANA, the enhanced functionality of SAP embedded analytics enables users to leverage analytical tools without the need for traditional ETL (Extraction, Transformation, and Loading). This accelerates business transformation through out-of-the-box solutions that can also be personalized and extended based on customer requirements.
SAP S/4HANA works as a collection of SAP Fiori tiles or apps that cover various functional areas of the business. SAP Embedded Analytics addresses key data and analytics challenges faced by businesses. From real-time data and analytics t seamless integration of business processes and transaction-level insights to a reusable business model, SAP Embedded Analytics supports informed decision making.
To understand the capabilities of SAP Embedded Analytics, let’s look at a few use cases.
Just-in-Time (JIY) Stock Availability
Material planners handling stock availability have to make decisions that involve numerous internal and external factors. They need to align their decisions with logistics, transport, and production, which may be spread across various locations, sometimes around the globe. JIT has an added level of complexity with the need for real-time information to ensure accurate decision-making.
Specific Embedded Analytics app in SAP S/4HANA Cloud enables JIT manufacturing to harmonize production and demand leading to optimized inventory levels. The lean and agile principles of JIT manufacturing are supported by embedded analytics to impart greater flexibility and higher efficiency. These analytics tools are specifically designed to monitor real-time production supply and improve on-time delivery performance. Businesses can also avoid stock-outs and resultant revenue loss by always being on top of the customers’ production planning demand.
Accounting
Accounting records and manages the financials of a business. It utilizes a lot of data, especially payables and receivables. This branch of business is also subject to many compliances that differ from country to country. Using SAP S/4 HANA Embedded Analytics, accounting teams can view and prioritize receivables, track the progress of invoicing and transactions and assign team members or collection specialists to specific jobs. The analytics tools help streamline accounting processes that can also be integrated with third-party applications like purchasing software, credit management software, etc. Process Automation further helps automate invoicing and compliance management to reduce finance costs and make accounting error-free. It also impacts lowering audit costs, as records are clean and compliant without data redundancy.
Sales
Sales teams need to plan and monitor sales and coordinate their activities with back-office and operations to ensure successful order processing that generates income for the company. This involves data handling throughout the workflow. Some of the critical functions that need to be addressed are predicting sales based on consumer behavior, setting realistic sales targets, analyzing market dynamics, and integrating order management, shipping and billing. In addition, sales need real-time data and cloud-based solutions to maintain a transparent, efficient, and secure flow of information.
SAP S/4HANA Embedded Analytics streamlines sales activities to increase forecast accuracy on-time delivery performance and increase sales force efficiency. With best practices for sales planning, embedded analytics tools reduce sales costs, increase responsiveness through insights and improve customer satisfaction by enabling transparent communication and reducing hassle to the customer.
Conclusion
SAP S/4 HANA Embedded Analytics empowers businesses with new capabilities that go well beyond traditional data and reporting tools. The real-time data capabilities especially support timely business decisions. Specific tools are also available for different business processes that allow users to leverage specialized functionalities for seamless implementation. With simplified upgrades and a plethora of analytics tools available, Embedded Analytics is revolutionary to the way businesses utilize data.
ComTEK specializes in SAP Solutions, including the entire SAP S/4 HANA and Embedded Analytics portfolio across various business functions.
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